Results 14,821-14,840 of 27,945 for speaker:Michael McGrath

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael McGrath: The picture is not open-ended because the process of new claims has closed and there is a figure in terms of the overall potential liability. We know the ICF will pick up 65% of the bill. Will the Minister of State ask the insurance industry if it has any proposals to resolve the situation and also seek an update from the liquidation process? The Minister of State spoke about the Towers...

Other Questions: Tax Code (5 Jul 2017)

Michael McGrath: I thank the Acting Chairman for allowing me in. I know a working group is examining the taxation of rental income by various recipients. Could the Minister clarify whether this working group will report by the end of July, as envisaged, and whether it will feed into budgetary considerations for October? I acknowledge that the overarching issue is one of supply and that this is what...

Other Questions: Sale of State Assets (5 Jul 2017)

Michael McGrath: 25. To ask the Minister for Finance his plans for the remaining share of a bank (details supplied); his further plans in relation to the remaining share of all other State-supported financial institutions held by the Government; and if he will make a statement on the matter. [31245/17]

Other Questions: Sale of State Assets (5 Jul 2017)

Michael McGrath: Following the recent AIB IPO, will the Minister clarify the Government's intentions in respect of the remaining shareholding the State holds in AIB and also its shareholdings in the other banks, namely, Bank of Ireland which is 14% State-owned and Permanent TSB which is 75% State-owned.

Other Questions: Sale of State Assets (5 Jul 2017)

Michael McGrath: I thank the Minister for his reply. I note the AIB shares are trading at €5.09 and that investors are doing well so far, but, of course, it is early days. I understand the proceeds of the sale will be received by the Ireland Strategy Investment Fund and that, under the National Treasury Management Agency (Amendment) Act 2014, the Minister has the power to instruct the fund to make...

Other Questions: Sale of State Assets (5 Jul 2017)

Michael McGrath: Our view as a party is that there is no rush in disposing of further shares in AIB or in respect of Bank of Ireland or Permanent TSB either. The fact is that AIB is now resuming dividend payments. It is our view that, in the absence of any negotiations with the European Commission to secure greater flexibility for the State on how any future proceeds might be used, the State should not...

Written Answers — Department of Finance: Insurance Costs (5 Jul 2017)

Michael McGrath: 35. To ask the Minister for Finance the status of the second phase of the cost of insurance working group in respect of employer liability and public liability; when the working group will come forward with recommendations; the progress on the working group's report on motor insurance; and if he will make a statement on the matter. [31243/17]

Written Answers — Department of Finance: Budget Deficit (5 Jul 2017)

Michael McGrath: 65. To ask the Minister for Finance if he is committed to the 45% debt-to-GDP target outlined in budget 2017 by his predecessor; the way in which he plans to meet this target by 2025; and if he will make a statement on the matter. [31244/17]

Written Answers — Department of Finance: Budget Deficit (5 Jul 2017)

Michael McGrath: 70. To ask the Minister for Finance his position regarding the setting up of a rainy day fund in 2019; if he is committed to it being set up; the way in which he sees it being implemented; and if he will make a statement on the matter. [31242/17]

Written Answers — Department of Finance: Personal Contract Plans (5 Jul 2017)

Michael McGrath: 44. To ask the Minister for Finance if he has satisfied himself with the regulatory position surrounding personal contract plans used to purchase motor vehicles; if he has further satisfied himself with the current roles of the Central Bank and the Competition and Consumer Protection Commission in relation to PCPs; the complaints process for a customer in relation to PCPs; and if he will make...

Written Answers — Department of Finance: Financial Services Regulation (6 Jul 2017)

Michael McGrath: 67. To ask the Minister for Finance the position regarding regulated entities sending unsolicited messages to firms and persons here and abroad regarding loan products they have; and if he will make a statement on the matter. [31862/17]

Written Answers — Department of Finance: Irish Strategic Investment Fund (6 Jul 2017)

Michael McGrath: 70. To ask the Minister for Finance the status of investments that the Ireland Strategic Investment Fund is party to that uses the section 110 tax structure; his plans to review such investments; and if he will make a statement on the matter. [31971/17]

Written Answers — Department of Finance: Universal Social Charge Yield (6 Jul 2017)

Michael McGrath: 71. To ask the Minister for Finance if his Department and the Revenue Commissioners have reached conclusions as to whether the cost of the USC reductions in budget 2017 were underestimated; and if he will make a statement on the matter. [31972/17]

Written Answers — Department of Finance: Tracker Mortgages Examination Data (6 Jul 2017)

Michael McGrath: 72. To ask the Minister for Finance the details of the tax relief at source deducted from the interest refunds banks are making to certain customers as a result of the Central Bank tracker mortgage examination by bank; and if he will make a statement on the matter. [31974/17]

Written Answers — Department of Finance: Financial Services Sector (6 Jul 2017)

Michael McGrath: 73. To ask the Minister for Finance the details of each investment that has been announced for Ireland in the financial services area since the Brexit vote in June 2016 involving the transfer of operations from the City of London; and if he will make a statement on the matter. [31975/17]

Written Answers — Department of Finance: VAT Yield (6 Jul 2017)

Michael McGrath: 74. To ask the Minister for Finance the estimated full year cost of introducing a zero rate of VAT for the construction of new residential homes; and if he will make a statement on the matter. [31976/17]

Written Answers — Department of Finance: VAT Yield (6 Jul 2017)

Michael McGrath: 75. To ask the Minister for Finance the estimated full year cost of introducing a 9% rate of VAT for the construction of new residential homes; and if he will make a statement on the matter. [31977/17]

Written Answers — Department of Finance: Corporation Tax Regime (6 Jul 2017)

Michael McGrath: 76. To ask the Minister for Finance when he expects the independent assessment on corporation tax to be completed and published; and if he will make a statement on the matter. [31979/17]

Written Answers — Department of Finance: Motor Insurance Costs (6 Jul 2017)

Michael McGrath: 77. To ask the Minister for Finance if he will provide an update for quarter 2 of the insurance working group's action plan on the rising cost of motor insurance; the quarter two actions that have yet to be completed; and if he will make a statement on the matter. [31980/17]

Written Answers — Department of Finance: Tax Strategy Group (6 Jul 2017)

Michael McGrath: 78. To ask the Minister for Finance when the Tax Strategy Group will publish its papers on different tax headings here; the different areas of tax to be covered in the papers; and if he will make a statement on the matter. [31981/17]